Trump supports Tesla purchase as sales decline sharply

courant.com

President Donald Trump announced he plans to buy a Tesla, showing support for Elon Musk amid a significant drop in Tesla's stock. Shares fell 45% in 2025, with a 15% decline on Monday, reflecting concerns over competition and Musk's political ties. Tesla's sales are declining sharply, particularly in California and Europe, where sales dropped 45% in January. Analysts attribute this to Musk's political associations, which may alienate potential buyers. Protests against Tesla have increased, with incidents of vandalism reported. Analysts expect Tesla deliveries to fall by 5% in the first quarter compared to last year, indicating weaker demand for its vehicles.


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